Wednesday thoughts

408
many stocks are close to their upward sloping 5 per moving average on the 60 min chart,,,usually they will move further away (higher) on the 60 min b4 large downside,,, exhaustion usually comes further away from the tight 5 MA

402
ES broke the 1196 resist, but too late

359
could gap down, and move lower, but i'll wait to short

358
i do not have a swing short signal at the close here,,,--CHRIS

343
candle 3min ES bull harami, poss 60min hammer, at 2 points over 1190 supp

334
*1196 on a non shoot star 3min chart

333
1190 supp and 1195 resist on ES may tell the close, on a break of either to continue that direction

326
i wouldnt be surprised to see some type of shoot star daily candle, tomorrow spx qqq etc

322
compare daily and 60min  KO  AAPL to SPX / DOW charts,,v diff

312
for me,,, SPX is "too high and not hi enough to short" today for swing,,,i'll wait and risk missing the opp-- spx is in no mans land near the tennis service line here, not at the baseline nor at the net

259
changed to sell at 386.87 half of aapl from 373.23 entry yest

249
lim sell half of aapl swing at 387 if able

243
BA up 3.6% today,,,still see the higher swing targets,tho may pullback some first - CHRIS

235
aapl just hit 384.94,,considering the 385 trgt hit,,,still see the 387ish tho aapl has lagged today

222
IMO timing analysis suggests no valid swing short until at least 4 hours passes by (for spx not es),,,so no short setup will present today swing,, and tomorrow would be buy dip if it presents, then short later,,,see another rally first and the first support test being bought

215
BA and KO have bull hammers, may surge into close toward their first targets

159
another ES buy signal intraday just triggered, but since so close to 2pm beige, less reliable

138
stop 1190.50 on half of the ES scalp idea makes sense, stop same on other half -chris

133
these charts to me,,,suggest taking partial profits today on some longs,,,holding some,,,and buying a pullback if one comes tomorrow,,,then short later

126
the 15min chart likely needs another 8 bars before sell signal presents, even then prob will not get sell short signal today

1255
be back later,,,hope u all have a great day-- still have same trgts on AAPL  385, 387, 391, 398,,,and KO  BA  ---

1241
AAPL still lagging

1241
scalp, 1188.50 stop would give a free ride higher, for small profit if stopped on es (1.50 pt profit)

1237
scalpers would use a manual trail stop on the ES--CHRIS

1232
85% ES buy alert,,,watching to see if it follows thru upside or not---CHRIS

1224
intrday, if es breaks under 1185 then 1181 trgt,but 1185 holding for now

1214
ES buy signal now at 82% confid

1213
ES over 1188.50 more impt than over daily high IMO, for another poss 6 points higher

1210
387 daily aapl trgt #1 (after stall at prior daily high of course)

1205
in 6minutes another signal should confirm or deny previous one

1203
needs 85%ish to trigger meaningful upside

1203
78% confid intraday buy alert just triggered, es 187 with 1185 support

1152
idea: aapl here, 383.75, for scalp to a higher daily hi

1152
i likely will take at least partial profits today on long swings,,,and may hold longer depending on charts -tho KO BA both say "hold at least another 6-9 trading hours, that would suggest buy the dips if presented and hold a portion of it

1148
KO now about 60 cents from making new daily highs trgt

1141
imo AAPL  KO  BA will outperform spx qqq --CHRIS

1123
scalpers on ES SPX QQQ etc could take profit at aapl 385.30 resist

1119
AAPL 3min is lagging the spx and qqq atm,,,if aapl catches up it should push spx qqq to new highs intraday,, however, aapl had an up day yesterday and was very strong against the downtrend

1115
BA corrected deeper than expected, but recovered nicely today.--- CHRIS

1114
KO cocal cola nice followthru from yest big green daily candle, still see new highs over 71.10 hi of 9/1,,,70.48 last

1021
i still see higher aapl, still holding the swing piece of it for now, having taken profits on scalp piece

943
KO swing target is new daily highs over 71 prior hi

934
spx is in a gently upward sloping huge range on daily and 60min charts. i dont know if its a bear flag, or bull consolodation, but i still see higher spx until the supports break. also daily has higher highs and higher lows, altho they are "small" compared to the range

926
spx 1193, 1200, 1208, 1227 targets,, if 1170 holds i think spx sees 1227 (swing targets)

925
AAPL up nicely this morning. still holding for higher targets swing.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".